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Recent stories from sustg

  • Hillary Clinton: Time running out for diplomacy with Iran
     

    U.S. Secretary of State Hillary Rodham Clinton made clear Saturday that time is running out for diplomacy over Iran’s nuclear program and said talks aimed at preventing Tehran from acquiring a nuclear weapon would resume in mid-April. With speculation over a possible U.S. or Israel military attack adding urgency to the next round of discussions […]

     
  • Water Brings Green to Saudi Arabia
     

    Over the last two-and-a-half decades, a series of NASA’s Landsat satellites have captured these pictures of the growing agriculture industry in the northern reaches of the Syrian Desert in Saudi Arabia, not far from Jordan. Farmers use a technique called center-pivot irrigation to bring up water from below the desert floor to grow wheat and […]

     
  • U.S. Might Have More Oil Than Saudi Arabia, But…
     

    People are often confused about the overall extent of U.S. oil reserves. Some claim that the U.S. has hundreds of billions or even trillions of barrels of oil waiting to be produced if bureaucrats will simply stop blocking development. In fact, in a recent debate between Republican candidates contending for Gabrielle Giffords’ recently vacated House seat, one candidate […]

     
  • Five short stories from World Energy Outlook
     

    The IEA’s World Energy Outlook (WEO) is an annual tradition, the result of much work, data analysis and presentation. A formative volume is produced for all to read and digest, but few of us have the time to do so in the detail required.  As such we rely to some extent on IEA presentations and summary documents. […]

     
  • Saudi Arabia will act to lower soaring oil prices
     

    In an op-ed in the Financial Times, Ali Al Naimi writes, “High international oil prices are bad news. Bad for Europe, bad for the US, bad for emerging economies and bad for the world’s poorest nations. A period of prolonged high prices is bad for all oil producing nations, including Saudi Arabia, and they are […]

     
  • “Out in the Blue” Part 9 of Video Series “Distant Arabia”
     

    In this clip excerpted with permission from the documentary The Prize: The Epic Quest for Oil, Money and Power based on the book of the same name by Daniel Yergin, the story of Tom Barger’s first journey to Saudi Arabia is related through his movies and letters. The complete story is told in Barger’s book […]

     
  • GE wins $200mn power plant conversion contract in Saudi Arabia
     

    GE said it has received a contract for nearly $200 million to supply steam turbine technology, power generation services and distributed control systems for the conversion of Saudi Electricity Co.’s (SEC) PP10 power plant from simple to combined-cycle operation. The project will add 1,300 MW to the plant’s capacity. “The conversion to combined-cycle operation is […]

     
  • 10 Saudi women take fight against breast cancer to Mount Everest
     

    Princess Reema bint Bandar bin Sultan and the Zahra Breast Cancer Association launched a campaign on Tuesday where 10 Saudi women will climb to the Mount Everest base camp in May. The 10 climbers include Jude Al-Aitani, Asma Al-Sharif, Mashael Alhegelan, Mona Shahab, Noura Bouzo, Raha Al-Moharrak, Lina Almaeena, Samaher Mously, Hatun Madani, Alya Al-Sa’ad, […]

     
  • Saudi Arabia Jeddah Weddings
     

    I was approached, a couple of months ago by a media company, about the wedding video I made for my cousin’s wedding. The company makes documentaries and would like to make a documentary about modern day Saudi couples in Jeddah getting married. They were, in my opinion, too optimistic, but then again I am a […]

     
  • Saudi Market Opens Up, but Gradually
     

    Regulators of the Saudi stock exchange, Tadawul, the largest in the Arab world, are fine-tuning the draft of a law on Qualified Foreign Investors in the hope of attracting institutional fund managers to buy shares directly in the $400 billion market. The market, which is equal in size to the combined value of the stock […]

     

MUST-READS

  • Saudi camping: exploring the untamed beauty surrounding Riyadh

    Camping in Saudi Arabia provides an opportunity to immerse oneself in the beauty of the vast wilderness. The desert, with its mesmerizing dunes stretching as far as the eye can see, offers a serene setting for those seeking solace away from the bustle of city life. Camping offers an unforgettable experience for adventurers and nature enthusiasts. With the Kingdom’s diverse landscapes and warm hospitality, the country welcomes visitors to connect with nature and forge lasting memories in the heart of the Arabian Peninsula.

  • Opinion: Saudi film industry is like “California in the 1920s”

    Ben Ammar, who brought over 60 movies such as Star Wars, Raiders of the Lost Ark and Life of Brian to shoot in Tunisia, owns Italy’s production and distribution banner Eagle Pictures and French production facility Studios de Paris. Eagle Pictures recently co-produced The Equaliser 3 with Sony Pictures Entertainment. Speaking to Screen, Ben Ammar compared Saudi’s nascent film industry to “California in the 1920s when cinema really blew up.”

  • Saudi Arabia Achieves Remarkable 300% Surge In Installed Renewables Capacity

    In conjunction with COP28, the third edition of the Saudi Green Initiative (SGI) Forum showcased Saudi Arabia’s commitment to climate action and its strides towards achieving net zero by 2060. Launched in 2021 by Crown Prince Mohammed bin Salman, the SGI aims to unite the nation’s efforts in combating climate change and fostering sustainable innovation.

  • Saudi Arabia Cuts the Price of Its Flagship Crude for Asian Buyers

    On Tuesday, Saudi Arabia reduced the official selling price of its flagship Arab Light for Asian buyers in January. This is the first price reduction for the last seven months, Reuters noted in a report, but it is a modest one, at $0.50 per barrel. This is half what analysts expected as a price reduction, the report also said. "Saudi set the price too high. That could prompt some buyers to nominate less cargoes and turn to buy cheaper crude from other suppliers from the spot market," a refinery executive from Asia told Reuters.

  • Jon Rahm’s LIV defection would be the ultimate Saudi power play before pivotal PGA Tour talks

    It would be something seismic. Rahm would be the first European giant to go. He is the reigning Masters champion and among the four best players in the world. He is the Saudis’ top realistic target, given how vigorously Tiger Woods and Rory McIlroy have denigrated LIV and ruled themselves out of a move.

  • Saudi PIF allocates $3bn for investments in Iraq, says ambassador

    Saudi Arabia’s Public Investment Fund (PIF) has allocated $3 billion for investments in various sectors in Iraq, the country’s envoy in Baghdad said on Wednesday. Saudi Ambassador to Iraq Abdulaziz Al-Shammari's remarks to the Iraqi state media INA came on the sidelines of a signing ceremony of a partnership agreement in the industrial field.

  • Saudi Arabia meets expectations as powerhouses, and a lesser light, march on in AFC Champions League

    After all the hype -- and heightened expectations -- surrounding the Saudi Pro League for its mega-spending ways over the past 12 months, its clubs certainly did not disappoint when it came to the big stage. Not yet, at least. With the group stage of the 2023-24 AFC Champions League -- Asia's premier club competition -- done and dusted, Saudi Arabia's three giants in Al Hilal, Al Nassr and Al Ittihad all booked their places in the round of 16 with a game to spare.

  • Asia’s first Saudi Arabia ETF lists on Hong Kong stock exchange

    Asia’s first exchange traded fund investing solely in Saudi Arabia’s equities market has listed on the Hong Kong exchange attracting $1bn in initial investment, marking one of the territory’s largest ever debuts. The CSOP Saudi Arabia ETF was launched on the back of strong government support, after more than a year of high-level efforts by senior Hong Kong officials attempting to woo investment from the Middle East. The ETF invests in a portfolio correlated to the FTSE Saudi Arabia Index, which has a market capitalisation of more than $270bn and aims to align with the Saudi Vision 2030 project, Crown Prince Mohammed bin Salman’s road map for economic diversification and global engagement.

  • Front Row Takes MENA Distribution for Saudi Drama ‘Norah’

    Dubai-based distributor Front Row Filmed Entertainment has picked up Middle East and North Africa (MENA) region distribution rights to groundbreaking Saudi drama “Norah,” which world premiered in competition at the Red Sea Film Festival. Directed by pioneering Saudi director Tawfik Alzaidi, making his feature film debut, “Norah” is set in 1990s Saudi Arabia, when conservatism was at its height and all forms of art and painting were banned for religion-related reasons.

  • Saudi Filmmakers Form Trade Org to Hold Sway in Sector Regulations

    Saudi Arabia’s burgeoning filmmakers have formed a trade organisation called Film Association in an effort to hold sway in regulations being laid out for the country’s booming film industry. The Saudi Film Association, announced during the ongoing Red Sea Film Festival in Jeddah, comes five years after the government removed its 35-year-old religion-related ban on cinemas. Since then, Saudi Arabia has built studios, formed film commissions and launched tax incentives for production.